Signal Strength: MEDIUM
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading position.
Tegel (ASX:TGH) : The current Fibonacci Retraction levels are:
The current support levels are:
A Fibonacci retracement is a term used in technical analysis that refers to areas of support (price stops going lower) or resistance (price stops going higher). Fibonacci retracement levels use horizontal lines to indicate areas of support or resistance at the key Fibonacci levels before the trend continues in the original direction.
Calculation: Fibonacci Retracements:
1) Uptrend: C = B — (B — A) x N%;
2) Downtrend: C = B + (A — B) x N%;
3) Fibonacci Levels:
PROFILE: Tegel (TGH.AX)
Stock Exchange: ASX
Ticker Codes: | TGH.AX | ASX:TGH |
Tegel Group Holdings Limited, together with its subsidiaries, engages in the breeding, hatching, processing, marketing, and distribution of poultry products in New Zealand and internationally. The company offers value added main meals, snacks, and convenience meal options; sausages; and processed meat products, as well as fresh and frozen whole chickens, and portions. It also produces turkey, and supplies whole turkeys and value added roast products. The company manufactures and markets its products under the Bright's, Top Hat, and Hungry brands. The company also exports its products under the Pure New Zealand Premium Chicken name. Tegel Group Holdings Limited supplies its products to supermarkets, other retail outlets, processors, hotels, restaurants, distributors, and fast food customers. The company was founded in 1961 and is based in Auckland, New Zealand.
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